Sentences with phrase «true credit counseling service»

A true credit counseling service is a non-profit organization that can offer financial advice and educational materials in an effort to help you develop a sustainable budget.

While true credit counseling services do exist, it has also turned into something as a catch - all term to describe companies that claim to offer consumers some form of debt relief.

Not exact matches

true, credit counseling services can do a little harm on your credit report and you won't be able to get new credit and all of your accounts will be closed HOWEVER, if you are on of the millions of people who last year had their interest rates jacked up to 29 - 30 % for no reason what so ever, then a credit counseling program will get your interest rates to a MUCH lower more manageable rate and you WILL see your balances drop over the course of a few months whereas you don't see your balances drop with the 29 % rate before credit counseling.

Debt consolidation is a scam unless you do it yourself or go through a true non-profit like Consumer Credit Counseling Services (CCCS).